Generally speaking the APR should be
low enough so you actually save money by consolidating and
get lower monthly payments each month
instead of those overwhelming credit card
payments.
In the Jackmon lawsuit, it's being argued by the plaintiffs that while they were in trouble with their mortgages, they didn't ignore the situation and
instead, entered into agreements with Wells Fargo, their lender, to
lower their
monthly mortgage
payment for 3 months and if they successfully paid that amount on time each month, then according to Wells Fargo's own written correspondence they
got a new deal: the bank wrote to each of them that if they were to ``... make those
payments successfully and fulfill all the trial period conditions, we will permanently modify your mortgage loan.»